Cheer as the cryptocurrency heads to a bigger wall street stage. Hello from sydney where it is just past 9 00 a. M. Im haidi lun. We are in our out from the open of asias first major market. Kathleen im Kathleen Hays. Sometimes we say monday night, sunday morning in the u. S. A quiet recap. Between Bitcoin Futures getting ready to launch and the tax plan on friday, i think we have got to wait to see how much this does not just rock the u. S. Economy, how much it rocks asian markets as well. Haidi absolutely. With the comments, marco rubio throwing a stunner into the works and getting more pessimistic about tax reform. All of that seems to have changed. We could get the crucial vote before christmas. As you say, bitcoin mania again making headlines yet again. The thing to remind ourselves of is that this could be a much bigger deal given that there are expected to be much more players involved. Kathleen the cme is a much bigger stage. If we look at the cbd launch as a curtain raise, a p
Welcome to daybreak asia, im haidi lun. Kathleen im Kathleen Hays at bloombergs Global Headquarters in new york. We are on the verge of Bitcoin Futures starting to trade. The cme group in chicago, a much bigger stage then the cboe, were trading started one week ago where trading started one week ago. Its a next big step for this bitcoin market, the bitcoin world. Haidi derivative contracts that started trading last week seen a opposed, this is certainly massive milestone in terms of the volumes we are expected to see. Volume, ag 55 times bigger stage for Bitcoin Trading in terms of mainstream and institutional investors. Optimism over the tax fall bill, can we get this time tax hall bill President Trump has been wanting. It is driving sentiment in asia ahead of the opens. Take a look at how trading in new zealand is faring. We are seeing downside when it x50. To that and we are at a session low, down about 2 10 of 1 . A monumental week last week, trading at 6997, one jump over 2 in abo
China out prices in in half an hour. 4898, it tells you what has been going on since 2006. The white line indicates firsttier city performance. We have had this massive runup in june 2015. Ever since, we have seen this fall back. It has been muted for secondtier and third tear cities. We have early data from china real estate showing a sharp rebound in tier one cities and tier three cities. Is the result of strict controls during the october Party Congress unwinding, so the possibility of a turnaround. All will be revealed after xi jinping said houses are for living in, not for speculation. The lastding day of week in this part of the world, singapore, taiwan, and malaysia kicking things off. Sophie the countdown to christmas, risk on for markets with the u. S. Tax bill passage looking likely. We have the Malaysian Ringgit and the won leading declines against the dollar, and the yen looking to test 113. We have u. S. Key Economic Data deck this week. Shares mostly climbing. The kospi l
Corbyn has been suspended from the labour party. It follows his response to a damning report into how complaints of anti semitism were handled during his time as leader. The equality and Human Rights Commission found the party was responsible for unlawful acts of harassment and discrimination. Sir keir starmer described it as a day of shame Foreign Labour and said the recommendations would be implemented in full recommendations would be implemented in full for labour. In the last few minutes, Jeremy Corbyn tweeted this. You will strongly contest the political intervention to suspend him from the party. I have made it absolutely clear, those who deny there has been an anti semitism problem in the party are wrong. I will continue to support a zero tolerance approach to all forms of racism. A dramatic day for the labour party. Jonathan blake has the latest. Well, we will actually bring in one of our Political Correspondent at westminster who can join us now. Helen, as i was saying, so joi